Keystone Property Finance has launched a new range for landlords purchasing or refinancing mainstream properties.

The lender’s range is aimed at landlords buying standard properties and smaller houses of multiple occupancies (HMOs) and multi-unit freehold blocks (MUFB).

The new range includes criteria such as HMOs of up to six beds and MUFBs of up to six units.

The maximum loan size per property is £1.5m and it will allow up to £3m of lending per individual.

The range is open to limited companies, trading limited companies and special purpose vehicles and those with minor adverse credit.

It will sit alongside the Keystone’s existing range, which has been renamed as the ‘complex’ range targetting landlords with more complex financing needs.

Rates for the new range start at 4.69%, with arrangement fees starting at 2.5%.

Landlords will have the option of two and five-year fixed-rate deals and will be able to borrow up to 75% loan-to-value (LTV).

Keystone Property Finance managing director Elise Coole says: “By creating a brand new range, with its own rates and criteria, for these landlords, we are confident we can be a one-stop-shop for brokers and their clients.”